f
  •  

By John Irish and Guy Faulconbridge

PARIS/LONDON (Reuters) - Britain, France and Germany will trigger the dispute resolution mechanism in the 2015 nuclear deal with Iran, two European diplomats said on Tuesday, the biggest step the Europeans have taken in response as Tehran has backed off nuclear commitments.

In one of the strongest calls yet from Europe for a new agreement to replace the 2015 deal that Washington abandoned two years ago, British Prime Minister Boris Johnson said the way forward was to agree a new "Trump deal".

Washington's European allies have tried to keep the nuclear agreement from collapsing since President Donald Trump pulled the United States out of it in 2018. Under the agreement, international sanctions against Iran were lifted in return for Tehran agreeing to curbs on its nuclear program.

But Washington has reimposed sanctions, denying Iran most of the economic benefits. Iran has responded by gradually exceeding many of the limitations it had signed up to in the deal. This month it said it would abandon limits on its production of enriched uranium, a step the Europeans said was likely to force them to respond.

The European diplomats said Britain, France and Germany would notify the European Union later on Tuesday that they were triggering the dispute resolution mechanism.

Under the mechanism outlined in the deal, the EU would then inform the other parties - Russia and China as well as Iran itself. There would then be 15 days to resolve the differences, a deadline which can be extended by consensus.

The process can ultimately lead to a "snapback" - the reimposition of sanctions in place under previous U.N. resolutions.

CREDIBILITY

"At one point we have to show our credibility," said one of the European diplomats. The second diplomat said: "Our intention is not to restore sanctions, but to resolve our differences through the very mechanism that was created in the deal."

Washington's exit from the nuclear pact, and the severe economic distress caused by the U.S. sanctions that followed, have fed one of the biggest escalations in hostility between the United States and Iran since Iran's 1979 Islamic Revolution.

That has accelerated sharply since Jan. 3, when the United States killed the most powerful Iranian military commander, Qassem Soleimani, in a drone strike in Baghdad.

On Jan. 8, Iran accidentally shot down a Ukrainian airliner while its forces were on high alert following strikes on U.S. targets. After days of denials, the Iranian authorities acknowledged responsibility for the crash, and have since faced days of anti-government demonstrations at home.

Trump says his aim in quitting the nuclear deal was to force Iran to sign up to a more stringent pact. Tehran says it will not renegotiate as long as U.S. sanctions are in place.

Britain's Johnson, a conservative who has pitched himself as an ally of Trump who can help bridge the diplomatic gap between the United States and Europe, said he wanted to avoid a military conflict with Iran.

"Let's dial this thing down," he said in an interview with the BBC.

On the deal, he said: "If we're going to get rid of it, let's replace it and let's replace it with the Trump deal... President Trump is a great dealmaker, by his own account. Let's work together to replace the JCPOA and get the Trump deal instead."


Other relevant articles 
[2020-01-08 00:40:30] Europeans should control their B-to-B data, says EU commissioner
[2019-12-04 02:45:09] Will Bank Of Canada Trigger Breakout In USD/CAD?
[2019-12-03 17:40:12] Gold Prices Surge as Trump Triggers Risk-Off Avalanche
[2019-11-12 07:35:28] Osram backs AMS takeover as auto downturn triggers 2019 loss
[2019-11-09 00:00:45] Trump Denies Tariff Rollback, Triggers FX Pullback
[2019-11-04 20:15:24] Resurgent Boeing 737 MAX could trigger jet surplus, analyst warns
[2019-05-21 15:00:26] Comic: Donald Trump’s Latest Twitter Tantrum Triggers More Market Volatility
[2019-04-23 19:30:25] StockBeat - Snap Rallies Ahead of Q1 Earnings as Twitter Triggers...
[2019-03-28 13:35:45] Democrats Love a Wealth Tax, But Europeans Are Ditching the Idea
[2019-03-13 19:40:10] Gold/Equities Inverse Play off as Brexit Triggers Highs above $1,300
[2019-03-11 11:20:33] Ryanair triggers Brexit plans on restricted shareholder rights
[2019-03-11 00:00:33] New Assad statue triggers protest in cradle of Syrian revolt
[2019-03-07 14:00:37] Futures edge lower as investors await fresh triggers
[2019-02-23 14:40:24] Falling stocks, Kraft Heinz trigger huge Berkshire loss
[2019-02-13 22:40:13] Stocks - Dow Racks up Triple-Digit Gains as Trade Hopes Trigger Rally
[2019-02-13 22:30:27] Stocks - Dow Racks Up Triple Digit Gains as Trade Hopes Trigger Rally
[2019-02-11 20:10:31] British Airways owner IAG to cap share ownership by non-Europeans
[2019-02-07 22:20:29] Stocks - Dow Drops More than 200 as Trade Concerns Trigger Selloff
[2019-02-07 22:15:25] Stocks - Dow Drops More than 200 as Trade Concerns Trigger Selloff
[2019-02-04 18:15:32] U.S.-China tariff hike would trigger downturn, trade diversion:...
[2019-01-27 09:00:36] U.S. calls on world to pick a side on Venezuela; Europeans set to...
[2019-01-26 21:25:25] U.S. calls on world to pick a side on Venezuela; Europeans set to recognize Guaido
[2019-01-25 12:01:49] stock market stocks dow drops 800 points as tech wreck rate fears trigger bloodbath 1639398
[2019-01-24 10:05:18] STMicro results trigger tech boost for European stocks
[2019-01-16 02:20:13] Stocks - Dow Logs Triple-Digit Gains as Tech Triggers Rally
[2019-01-15 22:10:16] Stocks - Dow Closes Higher as Tech Triggers Rally
[2019-01-09 11:42:13] Instagram back to normal after bug triggers temporary change to feed
[2019-01-09 11:40:36] Stocks - Dow Makes Upbeat Start to Week as Trade Optimism Triggers Rally
[2019-01-09 11:40:33] Error 404: Page Not Found
[2019-01-09 11:38:49] Exclusive: Aston Martin triggers Brexit contingencies to prepare for no deal
[2019-01-09 11:36:07] Yen soars, Aussie tumbles as fresh growth worries trigger FX flash crash
[2019-01-09 11:35:57] Forex - Yen Jumps as Apple’s Rare Revenue Warning Triggers Risk-Aversion Mood
[2019-01-07 22:05:28] Stocks - Dow Makes Upbeat Start to Week as Trade Optimism...
[2019-01-07 22:05:28] Stocks - Dow Makes Upbeat Start to Week as Trade Optimism Triggers Rally
[2019-01-07 13:50:31] Exclusive: Aston Martin triggers Brexit contingencies to prepare...
[2019-01-03 05:50:11] Forex - Yen Jumps as Apple’s Rare Revenue Warning Triggers...
[2019-01-03 02:20:17] Yen soars, Aussie tumbles as fresh growth worries trigger FX...
[2018-12-27 22:10:23] Instagram back to normal after bug triggers temporary change to feed
[2018-12-20 13:45:18] Futures edge higher in bounce after Fed-triggered swoon
[2018-12-19 22:20:18] Stocks - Dow Slumps as Less Dovish Fed Triggers Selloff
[2018-12-12 10:00:29] Conservative lawmakers trigger no confidence vote in UK PM Mays leadership
[2018-12-12 08:45:11] Some UK lawmakers confident they can trigger a confidence vote in...
[2018-12-06 19:45:24] Stocks - Dow Dives as Trade Jitters, Energy Slump Trigger Bloodbath
[2018-12-06 19:40:17] Stocks - Dow Dives as Trade Jitters, Energy Slump Trigger...
[2018-12-03 10:10:27] Trade war truce triggers surge in European shares
[2018-11-23 13:40:16] British banks await stress-test trigger for shareholder payouts
[2018-11-19 20:00:36] MarketPulse: Apple Triggers Tech Wreck on Fears of Production Cut
[2018-11-16 18:40:20] Europe 5G network buildout to trigger deals, wont bust capex...
[2018-11-13 18:25:21] Upcoming Bitcoin Cash Hard Fork Triggers Strong Selloff
[2018-11-07 19:40:23] MarketPulse: Netflix Surges as Tech Rallies
[2018-11-06 09:15:14] Denmark says EU digital tax plan will trigger U.S. retaliation
[2018-10-29 17:55:28] Sri Lankas political crisis trigger major economic concerns
[2018-10-25 16:15:19] AB InBev told Indian authorities about cartel, triggering...
[2018-10-19 18:30:23] Daimlers diesel troubles trigger new profit warning
[2018-09-28 13:35:18] U.S.-China trade war triggers seafood supply chain shake-up
[2018-09-26 10:15:13] Carmakers trigger Brexit contingency plans as no deal uncertainty...
[2018-09-21 21:00:28] Crude Oil Prices Settle Higher After Report Triggers Output-Hike...
[2018-09-19 22:05:16] Stocks - S&P Hits All-Time High as Buoyant Banks Fuel Rally
[2018-09-13 19:40:20] Forex - Dollar Falls as Inflation Miss Triggers Worries of Peak
[2018-08-26 03:00:32] BOJs Kuroda calls for vigilance to protectionism risks
[2018-08-16 15:55:17] Chinas Industrial Profit Growth Slows to Five-Month Low
[2018-08-15 20:35:18] Metals Prices Rattled as Turkey Turmoil Triggers Emerging-Market...